Over the last two decades, the world has seen a proliferation of digital platforms and the emergence of an ecosystem of digital work. Now, with the onset of the COVID-19 crisis, not only is technological change accelerating, but it is providing additional impetus for firms and workers to move work online. This geographically untethered work is creating new opportunities for homebased platform work for women that has the potential to reduce the gaps in male and female labour force participation toward significant economic gains.
Il G20 in Italia, tutte le notizie e gli aggiornamenti
Il G20, ovvero “Gruppo dei 20”, è il principale forum di cooperazione economica e finanziaria a livello globale. Si tiene ogni anno, e riunisce le principali economie del mondo, ovvero Canada, Francia, Germania, Giappone, Regno Unito e Stati Uniti (cioè i paesi del G7), i paesi del gruppo “BRICS” – Brasile, Russia, India, Cina e Sudafrica – e anche Arabia Saudita, Australia, Argentina, Corea del Sud, Indonesia, Messico e Turchia. A questi si aggiunge anche l’Unione Europea. Si tratta di un gruppo di paesi che costituiscono l’80% del PIL globale, nonché il 60% della popolazione del pianeta. Quest’anno la presidenza è dell’Italia.
This policy brief explores the challenge of how to promote the cyber resilience of the global financial system through operational collaboration. It focuses on promoting the resilience both of individual financial institutions and the global financial system. Cyber resilience entails the ability to anticipate and prepare; withstand and recover; respond; and learn in the wake of disruptive events. Operational collaboration is a model for implementing a resilience-
Pre-COVID-19, half of the world’s children were already unable to read a simple text by the age of 10. School closures have deepened pre-existing learning disparities, within and among countries, due to inequities in access to technology. This brief summarises research findings and provides actionable recommendations for how to equitably scale up digital learning and provide children and young people with the skills to improve their prospects and safeguard their well-being.
The COVID-19 pandemic has amplified the significance of digital technologies, with expectations of benefits growing in terms of ensuring basic services like employment, education, healthcare, coping with mobility restrictions etc. While much of the world has availed itself of the benefits, the divide in the digital realm has been exposed and widened.
“Take back control”: fu anche grazie a questo slogan che la campagna del leave riuscì a vincere il referendum del 2016 sulla permanenza del Regno Unito nell’Unione Europea. Un risultato scioccante che ha visto la Brexit diventare realtà all’inizio del 2021.
Policy areas:
Reforming and relaunching existing multilateral institutions in a post-pandemic scenario
Towards a more inclusive and multi-stakeholder international cooperation
The future of multilateralism in trade, service and investment
Social media and civil society engagement in multilateral endeavors
Transparency and international anti-corruption fight
Although governments could protect against the economic devastation of future pandemics by requiring businesses to insure against pandemic-related risks, insurers do not currently offer that insurance. Even given sufficient actuarial data to set underwriting standards and rate tables, insurers are concerned that they lack sufficient capacity, as an industry, to cover pandemic-related risks, which are likely to occur worldwide and to be highly correlated.
Climate change and climate change policy pose significant risks to financial and fiscal stability.They also pose risks and offer opportunities for growth and development prospects.As the only multilateral, rules-based institution charged with maintaining the stability of the international financial and monetary system, the International Monetary Fund (IMF) should put in place an overarching climate strategy that is then mainstreamed across the IMF’s toolkit.
Digitalisation is a revolution in the world of money and payments. Technological and social transformations are disrupting the status quo. Central Banks have to ensure their money remains relevant, and the financial system has to keep pace with progress. We urge the G20 to lead the process of integrating innovations and ensure the approach accounts for economic and social dimensions while relying on technical expertise. We favour taking full advantage of change and innovation as long as financial stability risks are addressed.
The COVID-19 pandemic has highlighted long-standing fractures in the international financial system, especially weaknesses in the safety net for emerging market and developing economies (EMDEs). We present a proposal to provide short-term liquidity to EMDEs that face balance of payment stresses due to global shocks. Our proposal for a liquidity insurance mechanism would, in effect, institutionalize the ad hoc swap lines provided by the central banks of the major countries, providing and broadening access to short-term lines of credits to EMDEs.
The uneven post-pandemic recovery brings great challenges for global financial stability and sustainable growth.
The international financial architecture is not well equipped to deal with a situation in which many countries default at the same time as a result of an exogenous shock. If all creditors could be coordinated, they would agree that they would benefit from legal protection that allows the affected sovereigns to use their resources to fight the pandemic and get their economies back on track. This policy brief describes options to provide such protection, while also aligning incentives for private creditors.